Oppenheimer Asset Management Inc. Has $7.94 Million Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Oppenheimer Asset Management Inc. decreased its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 3.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 25,078 shares of the software maker's stock after selling 806 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in ANSYS were worth $7,939,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of ANSS. Capital Research Global Investors acquired a new position in shares of ANSYS in the 4th quarter valued at $695,129,000. Norges Bank acquired a new position in shares of ANSYS in the 4th quarter valued at $615,566,000. GAMMA Investing LLC boosted its position in shares of ANSYS by 46,802.3% in the 1st quarter. GAMMA Investing LLC now owns 727,455 shares of the software maker's stock valued at $230,283,000 after purchasing an additional 725,904 shares during the period. FIL Ltd boosted its position in shares of ANSYS by 32.5% in the 4th quarter. FIL Ltd now owns 2,086,177 shares of the software maker's stock valued at $703,730,000 after purchasing an additional 511,557 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in shares of ANSYS in the 4th quarter valued at $119,140,000. Institutional investors and hedge funds own 92.39% of the company's stock.

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the firm's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $300.01, for a total transaction of $60,002.00. Following the completion of the sale, the director now directly owns 3,230 shares of the company's stock, valued at $969,032.30. This trade represents a 5.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.61% of the company's stock.

ANSYS Stock Up 0.0%

Shares of ANSYS stock opened at $335.00 on Tuesday. The stock has a 50-day moving average price of $331.07 and a 200 day moving average price of $331.74. The company has a market cap of $29.45 billion, a P/E ratio of 49.70, a P/E/G ratio of 3.44 and a beta of 1.19. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 0.12. ANSYS, Inc. has a 1 year low of $275.06 and a 1 year high of $363.03.

ANSYS (NASDAQ:ANSS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The software maker reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.11). The business had revenue of $504.89 million during the quarter, compared to analysts' expectations of $516.81 million. ANSYS had a return on equity of 12.38% and a net margin of 22.95%. The firm's revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.39 earnings per share. As a group, analysts expect that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered ANSYS from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th.

About ANSYS

ANSYS, Inc develops and markets engineering simulation software and services for engineers, designers, researchers, and students in the United States, Japan, Germany, China, Hong Kong, South Korea, rest of Europe, the Middle East, Africa, and internationally. It offers structural analysis product suite that provides simulation tools for product design and optimization; the Ansys Mechanical product, an element analysis software; LS-DYNA solver for multiphysics simulation; and power analysis and optimization software suite.

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